XL is among insurers including AIG and MetLife Inc. that have shrunk allocations to hedge funds after years of high fees and performance that lagged benchmarks.
The deadliest mass shooting in modern U.S. history is adding to soaring costs for insurance companies, which are already taking a beating this year from an onslaught of hurricanes, earthquakes and wildfires.
Even with one of the costliest hurricane seasons on record, large insurers in the U.S. tended to post third-quarter results that topped Wall Streets estimates. The exception is American International Group Inc.
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"articles": [
{
"uri": "/2018/08/01/the-carlyle-group-buys-stake-in-dsa-reinsurance-from-aig/",
"title": "The Carlyle Group buys stake in DSA Reinsurance from AIG",
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"uri": "/2018/05/07/warren-buffett-asks-does-anyone-truly-know-how-to/",
"title": "Warren Buffett asks: Does anyone truly know how to write Cyber policies?",
"byline": " Katherine Chiglinsky and Sonali Basak ",
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"summary": "Buffett said he's fine with writing some cyber policies, but doesn't want to be among the top three in the industry.",
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"summary": "Buffett said he's fine with writing some cyber policies, but doesn't want to be among the top three in the industry.",
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},
{
"uri": "/2018/02/14/xl-chief-is-trimming-hedge-fund-wagers-in-38-billion-portfolio/",
"title": "XL chief is trimming hedge fund wagers in $38 billion portfolio",
"byline": " Sonali Basak ",
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"prettyDate": "February 14, 2018",
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"summary": "XL is among insurers including AIG and MetLife Inc. that have shrunk allocations to hedge funds after years of high fees and performance that lagged benchmarks.",
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},
{
"uri": "/2018/02/13/aigs-brian-duperreault-offers-perspective-on-q4-lo/",
"title": "AIG's Brian Duperreault offers perspective on Q4 losses",
"byline": " Sonali Basak ",
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"prettyDate": "February 13, 2018",
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"uri": "/2018/02/09/reinsurers-turn-sexy-as-suitors-see-disaster-scarred-targets/",
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{
"uri": "/2018/01/22/aig-to-purchase-bermuda-reinsurer-validus/",
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"summary": "American International Group Inc. is getting bigger again.",
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"uri": "/2018/01/22/aig-to-purchase-bermuda-reinsurer-validus/",
"title": "AIG to purchase Bermuda reinsurer Validus",
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{
"uri": "/2017/11/10/las-vegas-massacre-could-cost-insurers-more-than-1-billion/",
"title": "Las Vegas massacre could cost insurers more than $1 billion",
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{
"uri": "/2017/11/03/aig-earnings-miss-projections-after-fallout-from-m/",
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